notlist3d
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Activity: 1456
Merit: 1000
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August 24, 2014, 08:15:33 PM |
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Solo Mining with old outdated equipment is just wasting your money, nothing else. You should join a pool or start cloud mining.
This is talking about one of the Block Erupter 333 MHz miners. It wont do much on a pool alone. It is more of a novelty at this point or good for someone wanting to try mining on a small budget. With solo chances are it will never get a block ever. It's like someone playing the lottery they know they most likely will never do... but still people keep buying tickets. |
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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Mars not Moon
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Activity: 67
Merit: 10
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August 25, 2014, 06:18:28 AM |
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I wonder if the do USB block erupters make any profit at the current level of difficulty.Should have to use many of them to make a decent amount of bucks in my opinion
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jonnybravo0311
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Activity: 1344
Merit: 1023
Mine at Jonny's Pool
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August 25, 2014, 01:58:56 PM |
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I wonder if the do USB block erupters make any profit at the current level of difficulty.Should have to use many of them to make a decent amount of bucks in my opinion
No, you won't be making any profit using block erupters. You'd need 1323 of them just to have the same hashing power as an Antminer S3, and at current difficulty levels an Antminer S3 is expected to make 0.009301 BTC a day. |
Jonny's Pool - Mine with us and help us grow! Support a pool that supports Bitcoin, not a hardware manufacturer's pockets! No SPV cheats. No empty blocks.
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Muhammed Zakir
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August 25, 2014, 02:04:14 PM |
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I don't think you will get profit but anyway, is the electricity free for you? If it isn't how are you going to cover your fee?  I suggest you to join a pool. ~~MZ~~ |
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jonnybravo0311
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Activity: 1344
Merit: 1023
Mine at Jonny's Pool
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August 25, 2014, 02:28:22 PM |
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I don't think you will get profit but anyway, is the electricity free for you? If it isn't how are you going to cover your fee? I suggest you to join a pool. ~~MZ~~ If you've read through this thread, you'll notice that those of us who are using a few USB sticks realize we aren't going to make a profit by using them. It's akin to playing the lottery. We're running at a loss (i.e. the cost of electricity) hoping that we get lucky and strike it big by solving the block. For example, I've got 5 Antminer U2 USB sticks. Throwing my 10GH/s into the pool is just about worthless (between 0.0001 BTC and 0.0002 BTC a day at current difficulty). I'll take my chances losing that potential revenue for the possibility that I suddenly get 25 BTC in my wallet. |
Jonny's Pool - Mine with us and help us grow! Support a pool that supports Bitcoin, not a hardware manufacturer's pockets! No SPV cheats. No empty blocks.
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finlof
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August 25, 2014, 04:56:57 PM |
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I don't think you will get profit but anyway, is the electricity free for you? If it isn't how are you going to cover your fee? I suggest you to join a pool. ~~MZ~~ If you've read through this thread, you'll notice that those of us who are using a few USB sticks realize we aren't going to make a profit by using them. It's akin to playing the lottery. We're running at a loss (i.e. the cost of electricity) hoping that we get lucky and strike it big by solving the block. For example, I've got 5 Antminer U2 USB sticks. Throwing my 10GH/s into the pool is just about worthless (between 0.0001 BTC and 0.0002 BTC a day at current difficulty). I'll take my chances losing that potential revenue for the possibility that I suddenly get 25 BTC in my wallet. yeah basically if you arent solo mining with USBs then you are just wasting electricity. at least if you get lucky (really really really really lucky) you could actually make money. |
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Muhammed Zakir
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August 28, 2014, 10:56:02 AM |
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Can I suggest you something? Why don't you buy Hashes in cex.io and point your miners to GHash.io? You will get a small profit.  ~~MZ~~ |
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sgk
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Activity: 1470
Merit: 1002
!! HODL !!
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August 28, 2014, 11:59:02 AM |
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Well i just plugged some USB 333 m/hash into a usb adapter and am solomining, will it hit? Probably not but i was wondering how many others mine with their old equipment, let me know what you use and why  I like what you're doing. Those USB miners cost almost nothing to run and they're lying around unused anyway. Why not take some chances even if the probability is way too low? No harm believing in a little luck, huh? If ever they hit a block and 25 BTC show up in your wallet (the chances of which are slim to none), it would make a historical case just like those 10,000 BTC pizzas  |
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thew3apon
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August 28, 2014, 12:52:00 PM |
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Guys, don't solo mine with outdated equipment unless you have free electricity. You are giving profit to electrical company instead of yourself..
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thew3apon
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August 28, 2014, 01:26:28 PM |
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Guys, don't solo mine with outdated equipment unless you have free electricity. You are giving profit to electrical company instead of yourself..
You can get a solar panel for a decent amount and a converter that will run an s1. Erm, solar panel cost money too, sell back the energy you make? |
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notbatman
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Activity: 2212
Merit: 1038
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August 31, 2014, 09:51:04 AM |
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If the crooks at Black Arrow ever ship me my 2Th/s miner it will accompany my obsolete block eruptors in their attempt at solo mining Bitcoin. Luck is my only hope here. At that speed my current odds of finding a block are about once every 2 years but it does bring ROI back into the realm of possibilities.
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Snorek
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Activity: 1400
Merit: 1001
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September 01, 2014, 05:05:33 AM |
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If you really want to be mining something I recommend you Hashlet from GAW miners. It is pretty good deal as you invest not that much to gain some profits. Definitely better than waiting for miracle with outdated equipment.
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Justin00
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Activity: 910
Merit: 1000
★YoBit.Net★ 350+ Coins Exchange & Dice
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September 01, 2014, 03:08:56 PM |
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I know reply is like 2-3 months old... but anyways.. Cant you hook it upto testnet to verify its working ?? or is the hashrate crazy in that too ? I have never set up a client to do solo mining and I don't know how to. I guess that would be my next project in this addictive mining hobby. Only started mining for a month So I do have much to read and to learn. It has been fun so far.  unless you have a substantial amount of hashpower you will really not even have any way to verify that you have everything set up properly as you will likely never find a block |
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daniahya
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Activity: 1932
Merit: 1000
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September 03, 2014, 04:21:14 AM |
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What if the result is a lot of mining itself
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aTg
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Activity: 1358
Merit: 1000
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September 07, 2014, 11:20:43 PM |
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Im working on this SoloMining.com |
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Muhammed Zakir
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September 08, 2014, 08:07:18 AM |
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But isn't SoloMining.com like other pools. For solo mining I could only find bitsolo. Is there any differences between solomining.com and other pools. Anything particular to solo mining? I didn't understand, that's why I asked. ~~MZ~~ |
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jonnybravo0311
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Activity: 1344
Merit: 1023
Mine at Jonny's Pool
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September 08, 2014, 01:21:51 PM |
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But isn't SoloMining.com like other pools. For solo mining I could only find bitsolo. Is there any differences between solomining.com and other pools. Anything particular to solo mining? I didn't understand, that's why I asked. ~~MZ~~ There are a number of solo mining options out there. The author of cgminer, ckolivas, has launched his own version of the solo mining pool. Check it out here: https://bitcointalk.org/index.php?topic=763510.0 |
Jonny's Pool - Mine with us and help us grow! Support a pool that supports Bitcoin, not a hardware manufacturer's pockets! No SPV cheats. No empty blocks.
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xyzzy099
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Activity: 1062
Merit: 1041
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September 08, 2014, 03:28:53 PM |
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I have never set up a client to do solo mining and I don't know how to. I guess that would be my next project in this addictive mining hobby. Only started mining for a month So I do have much to read and to learn. It has been fun so far. unless you have a substantial amount of hashpower you will really not even have any way to verify that you have everything set up properly as you will likely never find a block You can verify a proper mining setup by using testnet. |
Libertarians: Diligently plotting to take over the world and leave you alone.
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Cranky4u
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September 09, 2014, 12:20:02 AM |
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I solo mine using old equipment but only on fresh alt-coins. Normally I snag a heap of blocks and trade for BTC/LTC early.
I have a 1.5kW solar panel system, a Jally (for SHA-256) and an R9-280X (for scrypt) that was funded by early BTC profits. They only run a few hours a day, basically in the background whilst I do paperwork.
I make a between AU$100~AU$250 a month doing this.
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